Market Overview for Bella Protocol/Tether (BELUSDT) – September 26, 2025

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• BELUSDT fell sharply overnight to a 24-hour low of $0.2169 before stabilizing near $0.2195 at the start of today’s New York session.• A bearish reversal pattern formed at 0.2237, confirmed by a 15-minute close near 0.222 after a large-bodied bear candle with weak follow-through.• The RSI hit 28.1 in the early morning, signaling oversold conditions, but price failed to retest key support at $0.2195 multiple times.• Total 24-hour volume surged to 1,520,126 contracts, with turnover hitting $339,527—35% above the 7-day average.• A bullish 15-minute engulfing pattern emerged after 04:00 ET, with price climbing back toward 0.2245, but failed to close above 0.2250.

Bella Protocol/Tether (BELUSDT) opened at $0.2195 on September 26, 2025, after a 24-hour low of $0.2169 on September 25. The pair rose to a session high of $0.2295 and closed the 24-hour window at $0.2278 as of 12:00 ET. Total volume reached 1,520,126 contracts with a notional turnover of $339,527, reflecting heightened volatility and trading interest.

Structure & Formations

The 24-hour chart displayed a bearish reversal formation at 0.2237, confirmed by a large bear candle and a follow-through bearish close at 0.222. A key support level of 0.2195 was tested three times but failed to hold long-term. A bullish engulfing pattern at 04:00 ET indicated short-term buying interest, but the 0.2250 level remained a strong psychological resistance. A doji at 0.2215 also suggested indecision in the early hours of the morning.

Support and Resistance Levels (15-min chart)

- Strong support at 0.2195–0.2198- Key resistance at 0.2235 and 0.2250- Intermediate support at 0.2215 and 0.2225

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice, indicating a potential shift in momentum. The price closed above the 20-period MA at 0.2241, suggesting short-term bullish pressure. On the daily chart, the 50-period MA at 0.222 and the 200-period MA at 0.2245 formed a potential bearish crossover, aligning with the 24-hour downtrend.

MACD & RSI

The MACD crossed below the signal line in the early hours, confirming bearish momentum. By 04:00 ET, the MACD showed a positive divergence with a slight bullish crossover, which coincided with the engulfing pattern. RSI hit oversold territory at 28.1, but failed to trigger a strong rebound, suggesting weak follow-through buying.

Bollinger Bands

The price broke below the lower Bollinger Band at 0.2195, reaching as low as 0.2169, indicating high volatility. The following hour saw a rapid retest of the lower band, with the RSI in oversold territory, but price failed to close above the 0.2225 level. The Bollinger Bands widened during the downtrend and began to contract slightly in the latter half of the day, signaling a potential consolidation phase.

Volume & Turnover

Volume surged above 70,000 contracts at 06:00 ET and again after 08:00 ET, coinciding with sharp price moves toward 0.2256 and 0.2274. The highest notional turnover occurred at 06:00 ET (open at 0.2239, close at 0.2225) and at 14:00 ET (open at 0.2264, close at 0.2283). Price-volume divergence was observed at 0.2246, where volume dropped despite a price rebound, suggesting weak conviction in the move higher.

Fibonacci Retracements

Applying Fibonacci retracements to the overnight move from 0.2169 to 0.2274, the 61.8% level at 0.2239 was tested and held briefly before a pullback. On the 15-minute chart, the 38.2% retracement level at 0.2214 was a key support zone that failed to hold. A 50% retracement level at 0.2222 became a pivot point later in the day, with price oscillating around it multiple times.

Backtest Hypothesis

A backtest strategy could involve entering long positions on the 15-minute chart at the 38.2% Fibonacci retracement level when the RSI dips below 30 and the MACD crosses above the signal line, with a stop-loss placed just below the 26.1% retracement level. If the price closes above the 50-period moving average and volume increases by more than 15% from the prior bar, a position is held for up to 4 hours. This approach would aim to capture short-term rebounds from oversold conditions while managing risk through tight stops and time constraints.